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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?

To: TheBusDriver who wrote (66122)	7/8/2009 9:09:31 AM
From: loantech	Read Replies (1) \| Respond to of 78409

Naw. <g> Already for more than three weeks Gold is still oscillating around the rising 50d MA (US$933.14) between US$ 940 - 925. A typical summer season! Both Bollinger Bands are contracting slowly and the 200d MA (actually US$876,67) is movingparallel to the 50d MA. Both important moving averages are rising. In the midterm this is a quite positive technical picture and indicates higher prices after the summer break. Within the next weeks this un-volatile sideways market should continue. But expect a quick move below US$900 with a test of the 200d MA to shake out the weak hands. Probably around US$880-845 there will be a very good buying opportunity.>>> Are we going down? Or? The long term technical & fundamental perspective for gold is still super bullish. The next price targets for this long-term bull market are the Fibonacci?Extensions of the correction since March 2008 at US$1.250 and US$1.600. The DowJones/Gold Ratio is now at 8.89 and omproved slightly in favour for gold. The news about the stockmarket & the economy getting worse again. During the coming summer weeks I do not expect a fast & heavy sell off here, but I do believe that a slow & steady decrease is the most probable scenario. I guess we will see another wave of deleveraging later this year in autumn before the inflation speculation including the CrackUpBoom will finally start. Long term I expect the price of gold to move towards parity to the Dow Jones (=1:1). The next primary cyclical change is still years away. This means we are still in a long-term bull market in gold and in a secular bear market in the broad stock market.>>>>>>>> gold-eagle.com